I found out today from my PMs that in this world, in the right places, you’re not alone. I’m talking about my bitterness with CBA if you happened to come across my posts
They sucked me in, then bam… sorry mate, i know you earn a good wage, got good properties as assets etc. but shit happens, no more money for you. Thanking you for letting us screw you.
Well I’m not alone. Anymore CBA bagging stories appreciated
BTW can I ask is mortgage stamp duty (not land) tax-deductable? Cos when I check on ATO site, i can put this under the borrowing expenses category. What about these
establishment fee
settlement processing fee
valuation fee
legal fees
registration fees
search fees
shire feesFrom my understanding ,and dont bank on it(haha)you can claim some of these when youlock in the capital gains ie when you sell. Not sure which and how much so go get one of the ‘qualified’ financial advisors to answer more accurately.
Good louck and keep smiling.
DD
Don’t sweat the small stuff,and it’s all small stuff!!
Hi Fjficm,
Not an accountant so disclaimers apply.
The following items are claimable over five years or the life of the loan – whichever is shortest.
Loan establishment fees, search fees, loan stamp duty, mortgage insurance (if applicable) bank admin fees and mortgage registration fees.
Land stamp duty is offset against capital gans calculations.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
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